Summary
- Crypto custody firm Copper reportedly has entered into discussions for an initial public offering (IPO).
- Copper said it is reviewing the possibility of a listing and is in talks with major investment banks including Goldman Sachs, Citibank and Deutsche Bank.
- Copper, which provides digital asset custody and settlement infrastructure for institutional investors, reported that it is being influenced by competitor BitGo’s roughly $2 billion IPO case.
According to CoinDesk, a crypto-focused media outlet, crypto custody firm Copper has entered into discussions for an initial public offering (IPO) on the 29th (local time).
The outlet reported that Copper is reviewing the possibility of a listing and is in contact with major investment banks. Goldman Sachs, Citibank and Deutsche Bank have been mentioned as potential IPO underwriters.
Copper provides digital asset custody and settlement infrastructure for institutional investors. With institutional participation expanding in the crypto market recently, interest in the custody business is also said to be rising.
Earlier, Copper competitor BitGo carried out an IPO worth about $2 billion. The industry believes BitGo’s listing case also influenced discussions over Copper’s IPO push.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
